Celtic Bank

Celtic Bank is headquartered in Salt Lake City and is the 35^th largest bank in the state of Utah. It is also the 2,830^th largest bank in the nation. It was established in 2001 and as of December of 2011, it had grown to 50 employees at 1 location. Celtic Bank has a 3-star health rating.

Celtic Bank Money Market Rates

Celtic Bank CD Rates

Data for Q4 2011

Institution Statistics Celtic Bank FDIC Certificate # 57056 BankRate Report View Year Established 2001 Employees 50 Primary Regulator FDIC Assets and Liabilities Assets $223.88 million Loans $172.32 million Deposits $179.15 million Equity Capital $31.14 million Loan Loss Allowance $6.11 million Unbacked Noncurrent Loans $6.71 million Real Estate Owned $10.15 million Historic Data - December 2010 Assets $222.15 million Equity Capital $27.72 million Loan Loss Allowance $4.47 million Unbacked Noncurrent Loans $16.66 million Real Estate Owned $11.52 million Profit Margin - Quarterly Net Interest Margin 6.62% Return on Assets 2.15% Return on Equity 15.99% Interest Income $17.09 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Celtic Bank had $16.86 million in non-current loans and owned real-estate with $37.25 million in equity and loan loss allowances on hand to cover it. This gives Celtic Bank a Texas Ratio of 45.27% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Celtic Bank decreased significantly from 87.56% as of December 31, 2010 to 45.27% as of December 31, 2011, resulting in a positive change of 48.30%.This indicates that the balance sheet and financial strength for Celtic Bank has improved significantly in recent periods. Deposit Growth In the past year, Celtic Bank has decreased its total deposits by -$7.08 million, resulting in -3.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Celtic Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Celtic Bank has $223.88 million in assets with $37.25 million in equity, resulting in a capitalization level of 16.64%, which is excellent.

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